Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

UK sanctions ‘fixers’ hiding money for oligarchs Abramovich and Usmanov

UK sanctions ‘fixers’ hiding money for oligarchs Abramovich and Usmanov

Abramovich is the former owner of Chelsea Football Club.
New British financial sanctions will be levelled against "fixers" hiding money for high-profile Russian oligarchs Roman Abramovich and Alisher Usmanov, the U.K. Foreign Office today announced.

The fresh sanctions are being targeted at people who have "knowingly assisted sanctioned Russia oligarchs to hide their assets," which includes family members of several sanctioned individuals.

Abramovich is the former owner of Chelsea Football Club, and a friend of Vladimir Putin. He was forced to sell the club after the British government froze the billionaire's assets after the invasion of Ukraine.

Usmanov formerly held a stake in Arsenal Football Club and still has close ties to Everton Football Club.

Among those sanctioned today are Demetris Ioannides and Christodoulos Vassiliades — two Cypriots who have allegedly helped Abramovich and Usmanov avoid financial sanctions on their U.K. assets.

Three firms — USM, Curzon Square Limited, and Hanley Limited — closely linked to Usmanov have also been hit with sanctions and asset freezes.

In a statement, USM said it believed the sanctions were "unjust and unfounded."

"As is publicly known, Alisher Usmanov has not been engaged in business activity for a long period of time. He owns less than a 50 percent share of the holding and does not participate in its management," a spokesperson added. "We intend to challenge these restrictions as unlawful."

There have been a flurry of recent news stories about Russian oligarchs avoiding U.K. sanctions by putting their assets into the hands of family members or other close associates.

The Times recently uncovered that a £2.3 million flat in the well-heeled London neighborhood of Kensington was legally owned by the eight-year-old daughter of a former regional Russian governor.

Family members of Russian oligarchs and Putin allies Vladimir Evtushenkov, Suleyman Kerimov and Victor Medvedchuk were also sanctioned in today's crackdown.

"We are closing the net on the Russian elite and those who try to help them hide their money for war," Foreign Secretary James Cleverly said.
Newsletter

Related Articles

0:00
0:00
Close
Slovakian Prime Minister Robert Fico is in life-threatening condition after being shot multiple times
Xi Jinping Highlights Europe's Divisions Ahead of Putin Visit
German Court Rules AfD Can Be Monitored for Extremism
Xi Jinping Highlights Europe's Divisions Ahead of Putin Visit
UN General Assembly Approves Palestinian Membership Bid
Teens Forming Friendships with AI Chatbots
WhatsApp Rolls Out Major Redesign
Neuralink's First Brain Implant Experiences Issue
Apple Unveils New iPad Pro with M4 Chip, Misleading AI Claims
OpenAI to Announce Google Search Competitor
Apple Apologizes for Controversial iPad Pro Ad Featuring Instrument Destruction
Boeing 737 Catches Fire in Senegal, 10 Injured
Cruise Ship Arrives in NYC with Dead 44-Foot Whale on Bow
Trump lawyer questions Stormy Daniels' account of sex with Trump
Hunter Biden's Gun Charges Upheld, Trial Set for June
Last Indian soldiers leave Maldives
Espionage Scandal in Poland: Listening Devices Found Before Government Meeting
Apple Faces Significant Sales Decline Amid AI Integration Delay
Netanyahu's Firm Stance Amid Rafah Hostage Talks
New UK Laws: Banning Weak Passwords for Internet-Connected Devices to Enhance Cybersecurity
Spanish Prime Minister May Announce Resignation
New Study: Vaping May Lower Fertility in Women Trying to Get Pregnant
U.S. DOJ Seeks Three-Year Sentence for Binance Founder Changpeng Zhao
Orban: Destroy Liberal World Order - Predicts End This Year
Diplomatic Tensions: Sunak Clashes with Macron Over Rwanda Plan
A Jewish woman was kidnapped and raped in Gennevilliers (a suburb in western Paris), France, on the background of hatred for Israel
Russia: Deputy Defense Minister Arrested on Suspicion of Taking Bribes
Stanford Researchers Discover Child Abuse Material in AI Image Generator Dataset: Can Regulations Prevent Explicit Deepfakes of Children?
Record-Breaking 'Extreme Heat Stress' Days in Europe's Contrasting 2023 Summer: A Health Threat
Thousands Evacuated: 1,000-Kg NATO Bomb Removed from Serbian City
European Car Sales Drop 5.2% in March: Electric Vehicles Face Challenges Amidst Market Downturn and High Prices
Urgent Call from William Burns as Kyiv Braces for Russian Summer Offensive.
IMF Boosts Russia's 2024 Economic Growth Forecast to 3.2%
BOEING WHISTLEBLOWER: THE MAX AIRPLANE IS NOT SAFE!!!
Creative menu of a Pizza restaurant..
The communists couldn’t ban us and neither could the Brussels bureaucrats. The second day of the NatCon Talk conference is underway.
You can be a very successful player, but a player with character is another level!
Resumption of Controversial NatCon 2024 Conference in Brussels
The 60 Minutes journalists went to Sweden to show us the wonderful world of diversity and integration but they were threatened, beaten and chased away by diversity itself.
Experience the Future of Dining: My Visit to an AI-Powered Burger Joint
China's Economy Surges Ahead with 5.3% GDP Growth in Q1 2024, Boosted by High-Tech Manufacturing
Brussels Venue Cancels Right-Wing Conference: Free Speech Crisis as Concert Noble Drops NatCon Event
The West stands with Israel, Iran is furious: "Double standards and irresponsibility"
Here is a robot that can clean the river in Siem Reap.
Play stupid games, win stupid prizes
Hungarian PM Viktor Orbán: "We condemn last night's attack against Israel, and pray for the safety of the Israeli people."
Stabbing rampage terror attack in Sydney, at least four people killed, early reports that a baby was among those stabbed.
Iran fired more than 300 drones and missiles at Israel overnight. Israel Reports Light Damage After Iran Launches Large Strike.
I will never get enough of his videos and the pure joy and beauty of these women!!
Scientists at the University of Maryland have developed an "invisibility cloak", for AI using adversarial patterns on a sweater, making the wearer nearly undetectable to standard object detection methods.
×